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The new fund offer of Zerodha Nifty LargeMidcap 250 Index Fund and ELSS Tax Saver LargeMidcap 250 Index Fund was launched last October and they have an AUM of ₹278 crore and ₹66 crore.
"It's a no-brainer to opt for low-cost index funds as the core of your portfolio. You can complement that with other funds, but the core should be passive funds," Kamath said on X (formerly Twitter).
Zerodha mutual fund manages four mutual fund schemes which include only passive funds.
Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is Indias only passive-only fund house providing direct plans to do away with transaction charges.
Liquid funds, which for long targeted only corporates, have returned 6% in 2023 — the highest in the last eight years. Now, retail investors have figured out that liquid funds/ETFs are among the best tools for diversification as they provide ease of entry and exit, along with the potential for higher returns compared to traditional savings instruments.